Elliot Wave Analysis
SPY
0 - 1 = (218.26 - 358.75) = 140.49
1 - 2 = (358.75 - 319.8)
Wave 3 Target (x1) = 140.49 + 319.8 = 460.29
Current occurrence is seen of sub wave " i " of wave 3 . Sub wave " ii " of wave 3 is expected to retrace and hold between 350 - 365 levels
OR
A fresh buy will occur after 382 levels for a continuance of sub wave " i " of Wave 3
SPY
0 - 1 = (218.26 - 358.75) = 140.49
1 - 2 = (358.75 - 319.8)
Wave 3 Target (x1) = 140.49 + 319.8 = 460.29
Current occurrence is seen of sub wave " i " of wave 3 . Sub wave " ii " of wave 3 is expected to retrace and hold between 350 - 365 levels
OR
A fresh buy will occur after 382 levels for a continuance of sub wave " i " of Wave 3